8 Tweets 12 reads Dec 09, 2022
The current state of DeFi in @nansen_ai charts ๐Ÿงต
#1 ETH outflow
ETH continues to flow out of exchanges.
Depending on the % increase of ETH held in smart contracts, this can be a rough indicator of ETH flowing into DeFi (DEXes, staking contracts, custody, etc.)
#2 Largest ETH balances:
Largest ETH balances are mostly CEX-related. Jump Trading is 3rd on the list, holding over 2M ETH.
Over 15M on ETH2.0 deposit contract, and 4M in WETH contract.
#3 Token flow value by exchange on Ethereum
In the last 7D, over $829m tokens flowed out of Gemini, followed by $797m on Upbit and $597m on Coinbase.
Track here: pro.nansen.ai
#4 Exchange flow in the last 7D - Jump Trading
Total withdrawals from exchanges: $237m
Total deposits: $136m
**Note that these values provided are only for ETH & ERC20 tokens, and addresses that we have labelled on Nansen
pro.nansen.ai
#5 Stablecoin outflow
Continuous outflow of stablecoins from exchanges.
In the last 7D, $294m worth of stables flowed out of Gemini, followed by $173m on Bitfinex, $138m on KuCoin, and $108m on Coinbase.
pro.nansen.ai
#6 Stablecoin holdings
Market cap for BUSD and USDC continues to grow. USDT market cap stalls.
pro.nansen.ai
#7 FTX Hacker
Over 15 ETH sent to different wallets in the last 24H. FTX eploiter has been swapping ETH to renBTC.
Track their portfolio/ transactions here: portfolio.nansen.ai

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